I've been shooting the 300 grain Sierra MatchKing using RL25 and get about 2750 +- fps with that load. It's a good rifle and I've had no problems other than snot flying out of my nose when it recoils.

It's a serious rifle and has significant recoil but is death to anything hit with a well placed round. I've killed 2 moose, one big Alberta whitetail, a large(r) russian boar, Al Fiorille (GroceryMan) killed a rather suprised Texas russian boar with it too (actually it was a sow but she was realllllly ugly and a poor dancer), and it's laid waste to other various animals of little consequence (all one-shot kills).

It'll easily hold MOA as far out as you want and the round is still supersonic at a mile.

I'm not sure of the weight, about 12 pounds or so I'd guess.

I won't be getting rid of the optics or the rings and bases unless the buyer/trader supplies replacement(s).

There are about 300 rounds through the rifle.

I'm about to pick up a new custom 338 Lapua with a 34 inch barrel (no muzzle brake on this either) and can't handle having two big rifles around.

Just beware the Colt Ultralite rifle is out of production and no spare parts. Only two very minor parts exchange with the Melvin Forbes Ultra Light rifles this project stemmed from. Melvin Forbes has been trying to find the spare parts, but no luck as of March, last time I talked to him. Colt had real problems with some parts, they farmed out parts production to another company and project went under. Colt never bought the spare parts from the company. All parts will have to be "handmade" if any repairs.